The Mavericks rescinded Ferrell’s $2.9 million qualifying offer last Friday, a move that made Ferrell an unrestricted free agent. The move had been viewed as a formality with Ferrell close to agreement on the new contract that averaged less than the qualifying offer ($2.65).

Ferrell averaged 10.2 points while playing in all 82 games for the Mavericks last season. The 25-year-old started 21 games and also averaged 3.0 rebounds and 2.5 assists.

Ferrell, 25, has averaged 10.6 points in 118 games (50 starts) for Dallas over the past two seasons after originally joining the team as a G-League call-up.